Whale Alert Traces 224,951,362 XLM Transferred to Unknown Wallet

125,520,899 USDT Worth $125,520,899 USD Transferred to Unknown Wallet
  • XLM is up 0.04 percent in the last 24 Hours.
  • The transaction took place at 04:13:26 UTC on Thursday, 20 January 2022.

Whale Alert recorded a staggering 224,951,362 XLM, which equates to $55,787,769 USD transferred. According to reports, XLM was transferred to an unknown wallet through the Binance exchange.

Stellar (XLM) is a decentralised, peer-to-peer money transfer and storage network. In order to facilitate cross-border asset trading, the network’s native token, lumens, acts as a bridge across countries. Existing payment providers are sometimes charging excessive rates for a similar service and the firm wants to address this issue.

In its databases, Whale Alert compiles all of the transactions from various blockchains, analyses them, and then saves them in a uniform style. Each of these databases is regularly updated manually with the assistance of AI and contains tens of thousands of known individual addresses, exchanges, and addresses.

Source: Whale Alert

Whale Alert

Whales have re-emerged, transferring hundreds of millions of XLM overnight. The large crypto transfers were initially discovered by the Whale Alert monitoring and analytics service. It was about 04:13:26 UTC on Thursday, 20 January 2022, according to Whale Alert data. The XLM, on the other hand, is up 0.04 percent in the previous day.

Whale Alert stated, on its official Twitter account:

“1224,951,362 #XLM (55,787,769 USD) transferred from #Binance to unknown wallet”.

According to CoinMarketCap, the Stellar price today is $0.247012 USD with a 24-hour trading volume of $269,685,398 USD. 

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.